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DeVante Parker nearing contract extension with Miami Dolphins

Dolphins receiver DeVante Parker has finally broken out in this his fifth season. We break down the news and fantasy football considerations.

DeVante Parker of the Miami Dolphins catches the ball as Blessuan Austin of the New York Jets defends during the first half of the game at MetLife Stadium on December 08, 2019 in East Rutherford, New Jersey. Photo by Sarah Stier/Getty Images

UPDATE: The deal includes an $8 million signing bonus and his 2020 salary is fully guaranteed, per beat writer Barry Jackson.

The Miami Dolphins have been unloading players left and right for draft picks, but they are on the verge of locking up a key cog for the next four years. Wide receiver DeVante Parker has had a breakout 2019 season and is close to signing a contract extension through the 2023 season, per ESPN’s Jeremy Fowler. The deal is reportedly worth over $40 million, per NFL Network reporter Tom Pelissero.

Parker showed some progress in year two of his career back in 2016, but the past two years he stalled out. He dealt with injuries and struggled with consistency. However, this season he has broken out in a big way. He has been targeted 95 times (one short of a career high) and heads into Week 15 with 55 receptions for 882 yards and six touchdowns.

Parker has been in the concussion protocol in Week 15, but had a full practice on Friday and appears set to play on Sunday. Barring a setback, he will likely surpass his career high in receptions. He already has career highs in yards and touchdowns.

The Dolphins receiver has a strong shot at surpassing 1,000 yards receiving for the season and is going to shoot up draft boards next summer. He’s not quite a clear cut No. 1 in fantasy, but he has become a solid No. 2 with upside depending on how the Dolphins improve their roster this offseason.